True North Practice Transitions

  Purchasing a dental practice is an important career milestone, as it paves the way for professional independence and financial growth. Whether you are a long standing associate or a new graduate looking to take the next step, the dental practice buying process is essential to ensure you make a sound investment. Let’s break it down! Why Buy a Dental Practice? Having your own practice provides long-term security, the freedom to control your environment, and the opportunity to form lasting relationships with patients. In addition to the break-even point, purchasing a practice rather than starting your own means inheriting a business with existing patients, staff, and cash flow. What to Consider When Choosing a Dental Practice So, when looking for the right practice, be sure to consider these crucial elements: Where: The location of the practice could affect patient flow and marketing success, as it is close to schools, offices, and residential areas. Financial Performa...

Selling an orthodontic practice is a huge decision and should be preceded by much careful thought and planning. Whether you are an orthodontist selling your practice to retire or a dentist with the desire to expand your practice, knowing how to sell an orthodontic practice or buying a dental practice has been the huge undertaking. And here is where the game begins. How to Sell Your Orthodontic Practice:? 1. Preparation: This is the first step before listing your orthodontic practice for sale. Preparing the practice for transition includes updating equipment, enhancing operational efficiency, and settling any outstanding legal or regulatory issues. A well-maintained and profitable practice will attract more potential buyers and ensure a higher sale price. 2. Value: As part of the selling process, having an estimation of the value of your orthodontic practice is a big step. Work with an experienced appraiser or a dental practice broker to get a professional estimate of what your practic...